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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about there on the hill. what congress is not focusing on amid the distractions. "the cycle" roe on for thursday, may 16th. ♪ ♪ ♪ (vo) purina cat chow. 50 years of feeding great relationships. with one extraordinary purpose... to get "man of steel" advanced screening tickets. [ movie announcer voice ] at walmart. see "man of steel" at your local theater before anyone else. get in line 8 a.m. may 18th at walmart. rated pg-13. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ [
over taxes and whether they include that as part of a deficit package. they feel president has been the offensive since the beginning of his second term. this is the first time they feel they have something to really pound the administration on. and i don't that you really sense any sort of shift other than they feel like they can continue to throw bombs up here. >> all right. thank you so much. see you soon. >> thank you. >>> up next, an issue that he also knows about...
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>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use. >> neil: dumb question on my part. last time i checked we power a lot of money, commit a lot of money, gasolines taxes, tolls, bridges and roads, et cetera, taxes on the transportation department, for things like roads and brian -- and bridges and highways. i'd like to know where that money has gone before i commit more money. what say you? >> that's always one of the issues. in fact michigan is donor state which is tough to figure out why. we're still a donor state to the government with respect to the gas tax. we road like to bet -- get our dollar back and we need to make improvements. wen
>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use....
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May 17, 2013
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and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans.
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to...
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he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have insurance if you don't have it? you need to answer a few questions annd out exactly what this is going to cost you, because you are already -- i am paying wait too much for my health care. i know that my insurance is only covering about three-quarters of it. and then if i go to a hospital or something, i will be released step after the third day. i am thinking that people need to remember this did not come from obama. host: but it is his effort. so what do you think about pipa action yesterday to try to repeal it? caller: there are
he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have...
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the deficit, he has a positive that we've shrunk the deficit more than expected that pushes off a fight on the debt ceiling. maybe you can get guns done, they feel like if they get some accomplishments the scandals will fade. >> we'll say. dana bash, there's a lot more in the hour ahead. follow me on twitte twitter @andersoncooper. coming up, boston strong, one month later, we're here what happened in the shootout in watertown, you're looking at the memorial here on boylston street. a lot of people hear this city is strong and we'll move forward. we'll have the latest from cleveland where authorities took more evidence from ariel castro's house today. we're getting new information about what went on inside that house. #%tia[ if you're seeing spots before your eyes... it's time... for aveeno® positively radiant face moisturizer. [ female announcer ] only aveeno® has an active naturals total soy formula that instantly brightens skin. and helps reduce the look of brown spots in just 4 weeks. for healthy radiant skin. try it for a month. then go ahead and try to spot a spot. aveeno® posi
the deficit, he has a positive that we've shrunk the deficit more than expected that pushes off a fight on the debt ceiling. maybe you can get guns done, they feel like if they get some accomplishments the scandals will fade. >> we'll say. dana bash, there's a lot more in the hour ahead. follow me on twitte twitter @andersoncooper. coming up, boston strong, one month later, we're here what happened in the shootout in watertown, you're looking at the memorial here on boylston street. a lot...
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself out, too, and it will move to the next thing. >> the "new york times" as peter baker wrote today this is getting a lot of play social media wise, but the president has talked longingly of going forward. a reference to the 1998 warren beatty movie to say what he really thought. right now, people on the right think that the president legitimized the irs issue as a real scandal and there is something for them to grab on to and put their teeth around. >> that's what they're down there. remember that the earth is warm and that the economy is growing, the deficit is shrinking, that health care costs are f
the whole intellectual edifice collapsed, global cooling, expansionary austerity, that the deficit was going to ruin the united states and that the economy wasn't growing jobs and benghazi collapsed. now we're down to the cincinnati office of the irs. that's what we're going to have to deal with here for the next month and i think the president needs to get ahead of it and probably put a new person in there and find out what happened and report to the american people and it will burn itself...
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mccain on immigration reform, and he can get immigration reform here, he has a positive, we shrunk the deficit more than expected that pushes off a fight on the debt ceiling. maybe you can get guns done, they feel like if they get some accomplishments the scandals will fade. >> we'll say. dana bash, there's a lot more in the hour ahead. coming up, boston strong, one month later, we're here what happened in the shootout in watertown, you're looking at the memorials on boyleston street. we'll have the latest from cleveland where authorities took more evidence from ariel castro's house today. we're getting new information about what went on inside that house. but no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. and that's what they can do with you. that's how ameriprise puts more within reach. ♪ walmart has some great lunch options like this one, it's less than $3.00. if you swap out fast food lunches just 3 times per week, you can sa
mccain on immigration reform, and he can get immigration reform here, he has a positive, we shrunk the deficit more than expected that pushes off a fight on the debt ceiling. maybe you can get guns done, they feel like if they get some accomplishments the scandals will fade. >> we'll say. dana bash, there's a lot more in the hour ahead. coming up, boston strong, one month later, we're here what happened in the shootout in watertown, you're looking at the memorials on boyleston street....
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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witnessing deficit reduction. we're witnessing the housing market come back. we're witnessing a lot of good things. think of what we could witness if we came together, sat down with this president and inked a whole new plan for this economy, for deficit reduction. and here on the floor we've got to do the farm bill. we just did the water resources bill. let the house get it done. we did the marketplace fairness act. let the house get it done. and the republicans, i say to them, they're not here, rhetorically, help us pass a budget. you're blocking the budget. you went around the country campaigning against democrats saying we didn't pass a budget. then we pass a budget, and now you won't finish the job, which means making sure we get conferees appointed and bring the two bills together -- the house and the senate -- compromise on that and get the budget done. there's no budget. they won't let us do it. but endlessly they bash the president. immigration reform. my colleagues are doing an incredible job in the judic
witnessing deficit reduction. we're witnessing the housing market come back. we're witnessing a lot of good things. think of what we could witness if we came together, sat down with this president and inked a whole new plan for this economy, for deficit reduction. and here on the floor we've got to do the farm bill. we just did the water resources bill. let the house get it done. we did the marketplace fairness act. let the house get it done. and the republicans, i say to them, they're not...
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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in the tea party holds a rally and says, let's reduce the deficit," that's allowed? >> that's allowed. >> reporter: but at what point would a political organization, any political organization, their argument not be allowed? >> when that argument veers off into who to vote for in the election. >> reporter: but in last year's election, several political c-4 groups spent tens of millions on ads that criticized mitt romney or president obama by name. scott, at the hearing today, the i.r.s. asked congress to define when these groups should lose their tax exemption and disclose their donors. >> pelley: wyatt, thank you very much. the death toll from the tornadoes that hit north texas this week stands at six, and it's not expected to rise. we learned today all of the missing have been accounted for. the survivors are telling amazing stories to anna werner in granbury, texas. >> reporter: scott, all six deaths here in granbury came in one area and the winds whipping through some of those neighborhoods topped 160 miles per hour. the tornado that ripped apart this neighborhoo
in the tea party holds a rally and says, let's reduce the deficit," that's allowed? >> that's allowed. >> reporter: but at what point would a political organization, any political organization, their argument not be allowed? >> when that argument veers off into who to vote for in the election. >> reporter: but in last year's election, several political c-4 groups spent tens of millions on ads that criticized mitt romney or president obama by name. scott, at the...
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as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice department subpoena of ap phone records. at this point the white house is defending that much more strongly it is the actions taken by the irs. bret? >> bret: okay. wendall, thank you. probably under a minute to the president, and likely treasury secretary jack lew. back with the panel, judge napolitano, we welcome a.b. studdard, associate editor of the hill, and charles krauthammer with us through the statement. quickly, a.b., before the president gets here, the siege mentality that may be overtaking, as wendall describes it, at white house. >> yeah. i think even the president's supporters were
as an example, the congressional budget office announced today that this year's budget deficit will be $200 billion less than predicted in february, and half what it was the president's first year in office. that means he's effectively delivered on his promise to cut the deficit in half as a percentage of the economy, and yet no one is listening. you've got to believe the president's got to deal with this. so benghazi document dump today. action on the irs. we'll see what happens on the justice...
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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the deficit, the projection that it is more than expected. that pushes a fight on the debt ceiling. they feel like if they get accomplishments the scandals will fade. >> all right, dana bash, gloria borger, let me know what you think, follow me on anderson cooper. coming up, boston strong, a month later, we're here on the one-month anniversary of the bombings. the manhunt for the suspects and what really happened that night in the shootout in watertown. you're actually looking at live images here on boylston street. feel better, a lot of people feel the city is moving forward and is strong. >>> also, new information on ariel castro's house. we're getting more information from law enforcement about what allegedly went on inside the house. lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. ♪ fly me to the moon ♪ let me pl
the deficit, the projection that it is more than expected. that pushes a fight on the debt ceiling. they feel like if they get accomplishments the scandals will fade. >> all right, dana bash, gloria borger, let me know what you think, follow me on anderson cooper. coming up, boston strong, a month later, we're here on the one-month anniversary of the bombings. the manhunt for the suspects and what really happened that night in the shootout in watertown. you're actually looking at live...
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they are operating from such a credibility deficit, it's impossible for them to get theic way out of it unless they have some sort of wholesale revamp. i hope somebody uses this opportunity, like was said, never let a crisis go to waste. tax reform could solve this in the long run. the irs is going to have to do a wholesale name change, sort of like philip morris when it loste its entire reputation, retooled, revamped, comes up with a new name, a company that stays out of the news for the most part. the irs has -- people do not trust it. so you can't have them taking care of your most personal details. it's not going to work. >> greg, you're smiling. >> because the irs in charge ofe obamacare, it's like a junky running a pharmacy. what it really is, it's like th tsa, the tsa invades you at youa mostde vulnerable state. you are at mo the mercy of these entities. the irs in a wayies is like thea in that it's guilty of profiling. this percent persecution is more perion knishes. first they is violate you at the airport. they violate youle withnt your . they violate you with health care.
they are operating from such a credibility deficit, it's impossible for them to get theic way out of it unless they have some sort of wholesale revamp. i hope somebody uses this opportunity, like was said, never let a crisis go to waste. tax reform could solve this in the long run. the irs is going to have to do a wholesale name change, sort of like philip morris when it loste its entire reputation, retooled, revamped, comes up with a new name, a company that stays out of the news for the most...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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from just one country who want to emigrate to americ america suffers from consecutive trillion-dollar deficits and $17 trillion accumulated debt. unless america changes its financial path, america will suffer a debilitating insolvency and bankruptcy that will usher in one of the worst three or four airas in america's history. america's immigration policies must reflect america's dire financial condition. america must limit immigration based on how many immigrants a year our economy can absorb. two, limit immigrants to net tax producers. i.e., those people who we have confidence in who will generate more in taxes than they consume. because they have, these people, viable skillsets that the economy needs. two, advance degrees in intellect that can support our medical high tech and other intellect-driven industries or, three, financial resources that can help create new jobs and businesses in america. and then finally and most importantly, we must enforce our immigration laws, whatever the consensus may be in congress on what they should be. the president and the senate gang of eight pushed an am
from just one country who want to emigrate to americ america suffers from consecutive trillion-dollar deficits and $17 trillion accumulated debt. unless america changes its financial path, america will suffer a debilitating insolvency and bankruptcy that will usher in one of the worst three or four airas in america's history. america's immigration policies must reflect america's dire financial condition. america must limit immigration based on how many immigrants a year our economy can absorb....
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it's about .2 percent of the federal deficit or you can buy the most expensive house on the market which is going for $194 million in connecticut. a lot of options, ainsley. >> expensive to buy up here. that's why we want to buy homes in florida. we will let you know what we can do with 590 million bucks. based on the average salary in the country where the winning was told it would take 16,135 years to earn the jackpot. you could buy 26,550 ford f150s if you have a big enough garage. if you have enough money you could build it. or if you are a baseball fan you can get 26 percent of the new york yankees valued at $2.3 billion. >> the national debt 16 trillion you would have to win the $590 million prize over 28 times. you would have to win it quite a lot. >> it's fun to look at the numbers and image what you could do with the water. >> from the city of water to the city of love for sure. they have helped bring together hundreds of couples and they want to match unemployed people with the perfect career. >> remember ben affleck's marriage to jennifer garner was work when he was at the pod
it's about .2 percent of the federal deficit or you can buy the most expensive house on the market which is going for $194 million in connecticut. a lot of options, ainsley. >> expensive to buy up here. that's why we want to buy homes in florida. we will let you know what we can do with 590 million bucks. based on the average salary in the country where the winning was told it would take 16,135 years to earn the jackpot. you could buy 26,550 ford f150s if you have a big enough garage. if...
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question question t administration is back on its heel, things like immigration, gun reform, maybe a deficit deem or entitlement form. in other words, republican, we had mitch mcconnell, senator mcconnell on our show last night. republicans are moving on the aumpls. they will use these hearings, whether it's benghazi the secret appearance of the a.p. phone calls or the irs. the republicans smell blood for 2014. so the president is noeft most certainly on his heels. he needs to make a dramatic announcement. i could be dead wrong, timer. maybe out of the blue, we're not figuring this, there is an announcement about something like syria. sometimes presidents will do this for national security purposes. maybe. maybe. i don't know anything about that. all i know is he met with the treasury team a few hours ago. that meeting, i think, is going to look into this announcement. i think one leads to the other. >> you can almost hear the gop recalculating how they're going to go about attacking the administration's second term agenda at this point. >> absolutely. the question sheer about the democrats
question question t administration is back on its heel, things like immigration, gun reform, maybe a deficit deem or entitlement form. in other words, republican, we had mitch mcconnell, senator mcconnell on our show last night. republicans are moving on the aumpls. they will use these hearings, whether it's benghazi the secret appearance of the a.p. phone calls or the irs. the republicans smell blood for 2014. so the president is noeft most certainly on his heels. he needs to make a dramatic...
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May 14, 2013
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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 17, 2013
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the only way you would see any type of tax reform if it was part of a broader deficit and debt reduction deal. which we all know with this most likely poisoning the well, makes it most difficult. it's not seem easy. lastly, i think what rangel is really hinting at, something that a lot of democrats are saying and mrs. pelosi was saying, is this is all happening because of citizens united. citizens united opened up the floodgates and the u.s. government didn't know how to respond to it. not necessarily a good thing for democrats when the irs is now going to be much in charge of implementing their health care bill. >> indeed. luke russert, chris cillizza, thank you very much. >>> and the clean-up continuing in texas, in granbury texas, where the devastation stretching for miles, six people are dead, but all of the missing have been accounted for today, that's some good news, 16 tornadoes touched down wednesday night. including the first e-4 storm to hit the area in decades. governor rick perry is expected to tour the area this afternoon. >>> 60 homes built by habitat for humanity were dest
the only way you would see any type of tax reform if it was part of a broader deficit and debt reduction deal. which we all know with this most likely poisoning the well, makes it most difficult. it's not seem easy. lastly, i think what rangel is really hinting at, something that a lot of democrats are saying and mrs. pelosi was saying, is this is all happening because of citizens united. citizens united opened up the floodgates and the u.s. government didn't know how to respond to it. not...
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May 17, 2013
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. >>> reporter: hercules is facing a project deficit of $1.2 million for the next fiscal year. the city manager says if voters don't pass a utility tax hike in june, the city would likely disband its police department. >> just imagine what this kind of message sends out to criminals. it's open house in hercules. >> reporter: hercules would instead contract with the contra costa county sheriff's department for police services. councilman dan romero worries response time would be slower and crime would spike in this bedroom community. >> catastrophic. our whole populace will be in danger. >> reporter: the city manager says measure a would bring in about $1 million, allowing hercules to keep its police force of 21 sworn officers. the current 6% tax on gas, electric, water and telephone bills would increase to 8%. hercules residents would also pay an 8% tax on cable tv. long-time resident charlie clark plans to vote no. at 88 years old, he can't even retire. >> i'm still working simply because everything keeps going up in price. >> reporter: he says a tax hike would make it even mo
. >>> reporter: hercules is facing a project deficit of $1.2 million for the next fiscal year. the city manager says if voters don't pass a utility tax hike in june, the city would likely disband its police department. >> just imagine what this kind of message sends out to criminals. it's open house in hercules. >> reporter: hercules would instead contract with the contra costa county sheriff's department for police services. councilman dan romero worries response time...
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May 16, 2013
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly we're worried about intimidation of the press with respect to the doj scandal. that doesn't mean we're only going to do that. >> his point is they can walk and chew gum at the same time, that members of congress have this oversight responsibility, but you heard him say, very pointedly, we're not getting straight answers on benghazi, we're not getting straight answers on the irs. there is a lot of feeling by republicans and even some democrats in congress that the testimony today by the acting irs commissioner did him more harm than good. even if he's on his way out the door, there are questions about whether or not he's
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly...
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May 18, 2013
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time to get his second term agenda accomplished, which, of course, includes immigration reform and deficit reduction. alex? >> kristen we will kerr from the white house, thank you so much. >>> to catch a thief. the vanishing act for more than $1 million in jewelry at the world's most famous film festival. tter. so now i can help make this a great block party. ♪ [ male announcer ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. ask your doctor if including advair could help improve your lung function. [ male announcer ] advair diskus fluticasone propionate and salmeter
time to get his second term agenda accomplished, which, of course, includes immigration reform and deficit reduction. alex? >> kristen we will kerr from the white house, thank you so much. >>> to catch a thief. the vanishing act for more than $1 million in jewelry at the world's most famous film festival. tter. so now i can help make this a great block party. ♪ [ male announcer ] advair is clinically proven to help significantly improve lung function. unlike most copd...
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May 14, 2013
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unless congress adopts a balanced deficit reduction plan and stops the reductions currently slated for 2014, i fear that our capacity to protect the american people from health care fraud, to safeguard vital programs, and precious resources, and hold criminals accountable will be further reduced. allowing these cuts would be both unwise and unacceptable. despite recent achievements, our work is really far from over. significant challenges lie ahead. that's why we must remain stead fast in our determination to strengthen current efforts and keep fighting to make the positive differences that our citizens need and that they deserve. i'd like to thank each of the approximately 400 law enforcement officials who made arrests, who executed search warrants, and otherwise participated in the investigative enforcement actions that made stayed's announcement possible. at this time i'd like to turn things over to another key leader of this work, my good friend, the secretary of h.h.s. >> thank you, general holder, and it's my great pleasure to join not only the attorney general but an amazing tea
unless congress adopts a balanced deficit reduction plan and stops the reductions currently slated for 2014, i fear that our capacity to protect the american people from health care fraud, to safeguard vital programs, and precious resources, and hold criminals accountable will be further reduced. allowing these cuts would be both unwise and unacceptable. despite recent achievements, our work is really far from over. significant challenges lie ahead. that's why we must remain stead fast in our...
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May 16, 2013
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 15, 2013
05/13
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 16, 2013
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>> what's really terrible is attention deficit disorder. 20% of high school boys in america would get this diagnosis. 10% would be on medication. it turns out an amazing canadian study, the best predictor of attention deficit disorder is when you're born. if you're born in december as opposed to january, doubles the risk. the youngest kids in the class. the youngest kids in the class and given medicine. we should be spending the money on the school systems. we should have smaller classes. >> are the diagnoses being d the diagnostic system is way too loose and at the same time the drug companies are able to exploit it. and with advertising to people which can't be done anywhere else in the world except the united states and new zealand, direct advertising to consumers have convinced people that many problems in life are really mental disorders. they're caused by chemical imbalances and the solution is a pill. that's really nonsense. most problems that people present with to their primary doctors will get better on their own with time resilience and support. so we shouldn't be making di
>> what's really terrible is attention deficit disorder. 20% of high school boys in america would get this diagnosis. 10% would be on medication. it turns out an amazing canadian study, the best predictor of attention deficit disorder is when you're born. if you're born in december as opposed to january, doubles the risk. the youngest kids in the class. the youngest kids in the class and given medicine. we should be spending the money on the school systems. we should have smaller classes....
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May 20, 2013
05/13
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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May 18, 2013
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it includes immigration reform, deficit reduction. they say he doesn't have a lot of time to get those reductions and he has spent time on the three contro versies this week. they say the irs scandal likely has the most staying power. a number of hearings about that on the horizon. >> kristen, thank you very much. >>> it has been more than six years now since her disappearance and, yes, the search for marilyn mccann continues. police in england say they've identified a number of persons of interest. they do remain in regular contact with her parents, who have never stopped searching for their daughter. the little madeleine disappeared when the family was in portugal. again, that was six years ago. >>> finally, a tale of two different experiences at the ballpark. one to share with your friends and your family and youtube. and the other one, not. guy number one, colorado rocky's game. he's in the fan, about to drop his beer when he catches the home run ball and holds onto the beer and the ball. a wonderful story. guy number two, angel's
it includes immigration reform, deficit reduction. they say he doesn't have a lot of time to get those reductions and he has spent time on the three contro versies this week. they say the irs scandal likely has the most staying power. a number of hearings about that on the horizon. >> kristen, thank you very much. >>> it has been more than six years now since her disappearance and, yes, the search for marilyn mccann continues. police in england say they've identified a number of...
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. >> the deficit down 24% below expectations, and tune in to handy to find out why this is bad. >> stephanie: all right. thank you, honey. love you. see you monday on the "stephanie miller show." ♪ >> i'm jacki schechner. it's noon eastern, and here's what's current. hearings are going on in the house ways and means committee to take a closer look thaet irs, and it's taking a look at conservative political groups. answering questioning is steven miller the irs commissioner who just resigned and jay russell gorge the inspector general who's report detailed what the irs did and recommended ways to make sure it doesn't happen again. here is miller this morning explaining what went down in 2010 in the immediate aftermath of the citizens united decision and the need to take closer attention to what constitutes a 501 c4. >> people of cincinnati
. >> the deficit down 24% below expectations, and tune in to handy to find out why this is bad. >> stephanie: all right. thank you, honey. love you. see you monday on the "stephanie miller show." ♪ >> i'm jacki schechner. it's noon eastern, and here's what's current. hearings are going on in the house ways and means committee to take a closer look thaet irs, and it's taking a look at conservative political groups. answering questioning is steven miller the irs...
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May 15, 2013
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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May 18, 2013
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with him on some issues like immigration, they need that to broaden their party base and on the budget deficit, the debt dealing that's potentially going to ripen later in the year, both sides have to get something done. they have reason to work together. >> there is caution, even though there is red meat. there is caution from former speaker newt gingrich about tempering expectations here and being more conservative in the way they are going after these things. >> no question about it they saw under newt gingrich, it backfired in 1998 when they overplayed their hand against bill clinton. the republican party, it's not that their base is not fired up about disliking president obama and what democrats stand for. the problem, the base isn't wide enough. they need to bring more people in, and there is a question as to whether they go so aggressively, they impede their party in a way that makes it more appealing to more people. >> how are all of these issues affecting what the american people think about the administration and republicans? either one coming out ahead at this point in terms of publ
with him on some issues like immigration, they need that to broaden their party base and on the budget deficit, the debt dealing that's potentially going to ripen later in the year, both sides have to get something done. they have reason to work together. >> there is caution, even though there is red meat. there is caution from former speaker newt gingrich about tempering expectations here and being more conservative in the way they are going after these things. >> no question about...
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May 20, 2013
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deficits are coming down in the short run. but you talk about how the seeds for our fiscal destruction were planted even before barack obama was sworn in. >> sure. >> what role does george w. bush play in this story? >> certainly the medicare expansioned and spending growth are problematic too. the issue facing the country is not a democrat or republican problem, it's how to get our political leaders focused on the need to get debt under control. and it's not having any green eye shades view. back to you question, about gronel and h growth and how to get the country going again. >> richard, how long is it in the long term but the short run the united states having power across the globe? >> absolutely. we have to put our house in order. to lead across the word we need our house in order to set an example. tying into what we are talking about here. when we don't function politically how do we persuade any other people to adopt what we have what we can't make it work in the united states? >> go ahead. >> when you look at europea
deficits are coming down in the short run. but you talk about how the seeds for our fiscal destruction were planted even before barack obama was sworn in. >> sure. >> what role does george w. bush play in this story? >> certainly the medicare expansioned and spending growth are problematic too. the issue facing the country is not a democrat or republican problem, it's how to get our political leaders focused on the need to get debt under control. and it's not having any green...
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May 20, 2013
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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May 18, 2013
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for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma white house. the last few reports have been upbeat. this continues the trajectory. it would have had to have been a lot more dramatic to overwhelm one of the worst weeks of the obama administration. >> also coming out of the budget report this week, if enacted the president's budget would cut more than a trillion dollars from the government's budgets. with all that's happening hasn't this budget been forgotten about disregarded by those on the hill. >> both the house and senate budget committees have pass and enboth chambers have passed their versions. t
for the most part predicts that the deficit will fall. why is this all to have good economic news getting the attention that bad economic news would no doubt get. >> it has to be a man bite dog story. it is bad in our business always getting more attention. an sbesing note, the more money we save we we save money on reduced interest payments as money that the nation owes goes down so you save two ways on this. i think this particular week has been so overwhelmingly challenging 0 be bam ma...
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May 14, 2013
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when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and homeland is very much a binge viewing show as well. dagen: i watched the first season on itunes and bought the whole thing. i watched it on pay-per-view. dennis: never saw homeland on showtime, watch it on demand, episode after a visit in these large blocks. that is something we can do more to mind and their increasingly willing to let their shows run anywhere all the time. that helps with this hole -- dagen: who do plus you can get it. >> live on any laptop or ipad. dennis: much more coming. connell: dennis is a big "imus in the morning" fan. the imus radiothon for the imus radio kids for canc
when fox realize we need some special events short runs the for america's attention deficit disorder population and we could never fit 24 into a single two hour movie, let's make it into the 12 episodes special run. almost nothing to lose. you can afford to kill off favorite characters or do all kinds of things. i am a real fan of that show. 24 was the first to encourage binge viewing. instead of appointment television every week, to buy the entire package and watch it in an entire weekend and...
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May 14, 2013
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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May 13, 2013
05/13
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...